Latest News & VACUL Headlines
- FHA Mortgage Eligibility Expanded For COVID-19 Affected Borrowers
July 12, 2022The Federal Housing Administration has announced new flexibility for lenders when qualifying borrowers who experienced previous employment gaps or loss of income due to the COVID-19 pandemic.
- UVA Community Credit Union Awards $34,500 to Area High School Seniors
July 12, 2022UVA Community Credit Union announces the 2021-2022 recipients of its annual scholarship program. Twenty-three high school seniors were awarded $1,500 each.
- LIMITED SPACE REMAINING: Join Us July 14 for the Hampton Roads Emerging Professional Network CEO Panel
July 11, 2022Please join the Virginia Credit Union League’s Emerging Professionals Network for our Hampton Roads CEO Panel. Hear insight and advice from three of the Commonwealth’s top credit union leaders.
- League President Carrie Hunt Participates in Swearing-In Ceremony for NCUA's Harper
July 11, 2022League President/CEO Carrie Hunt participated in today's ceremonial swearing-in ceremony for National Credit Union Administration Chairman Todd Harper.
- Economic Update: Crypto Trends and Risks
July 11, 2022CUNA Senior Economist Ligia Vado discusses cryptocurrencies, risks and trends, and consumer interest in the latest CUNA Economic Update.
- Crypto, Other Digital Payments Could Threaten CU Deposits, According to CUNA Economic Update
July 8, 2022Cryptocurrencies and other forms of digital payments will not fade away and may threaten credit union deposits, according to a CUNA Senior Economist.
- QCash Financial CUSO: No Credit Check Loans for Your Members; 6 Clicks in 60 Seconds
July 8, 2022QCash’s mission is to improve the financial well-being of members by partnering with credit unions to provide access to Life Event and Specialty loans. Through their lending platform, QCash can provide the funds your members need, day or night. The funds are immediately deposited to the member’s account with just six clicks in 60 seconds: no credit check or loan officer interaction is required.
- Voice Service Providers File Ex Parte Letter with FCC
July 8, 2022A coalition of voice service providers filed an?ex parte letter?with the Federal Communications Commission Friday expressing direct support of CUNA’s?recently filed letter, supported by leagues, on call blocking notification codes. CUNA supports adoption of SIP Code (signaling protocol) 608 to provide notification to callers that a voice service provider has blocked their call using analytics.
- Fed’s Newly Released Minutes Indicate Another Rate Increase Coming in July
July 7, 2022Newly released minutes from the Federal Open Market Committee’s June meeting reveal participants agreed the economic outlook warranted moving to a restrictive stance of policy—raising rates—and further recognized the possibility that an even more rate increases may be needed if inflation can’t be tamed.
- NCUA Issues Letter to CUs Risk-Based Approach to Assessing Customer Relationships, Conducting Customer Due Diligence
July 7, 2022The National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the U.S. Department of Treasury’s Financial Crimes Enforcement Network have prepared a joint statement clarifying the agency’s long-standing position that banks and credit unions must take a risk-based approach to assessing individual customer (member) risk.